Typical Course of Study
World Book Learning Resources suggests typical courses of study for Kindergarten through 12th Grade. The course of study for 6th Grade is world trade.
Sixth Grade Financial Concepts
The Fifty Nifty Econ Card program from the Federal Reserve Bank of Kansas City includes recommendations on concept introduction by grade levels K through 6. Here are the recommended concepts for 6th Grade:
- Shortage: having fewer goods, services or resources available than you want
- Surplus: having more goods, services or resources available than you want
- Finance: the management of money
- Circular Flow: a model of an economy showing the interactions between households and businesses as they exchange goods, services and resources in markets
- Exchange Rate: ratio at which a unit of currency of one country can be exchanged for that of another country
- Standard of Living: a level of material comfort in everyday life that is measured by the goods and services available to an individual, group, or nation
- Economic System: the way a society organizes the production, consumption and distribution of goods and services
Sixth Grade Learning Targets
The Bellingham (Washington) Public Schools Curriculum Department establishes the following learning targets for 6th Grade:
- Using knowledge of ancient civilizations, how do limited resources affect the choices people make and how do those choices affect their resources?
- What are the chief characteristics of effective economic systems and how do such systems evolve?
Strand 5: Economics, The Social Studies Standard as of May 22, 2006
State of Arizona, Standards and Assessment Division
Concept 1: Foundations of Economics
The foundations of economics are the application of basic economic concepts and decision-making skills. This includes scarcity and the different methods of allocation of goods and services.
Concept 1 Performance Objectives for the 6th Grade
- PO 1. Identify how limited resources and unlimited human wants cause people to choose some things and give up others.
- PO 2. Determine how scarcity, opportunity costs, and trade-offs influence decision-making.
- PO 3. Explain why specialization improves standards of living.
- PO 4. Compare how money, as opposed to barter, facilitates trade.
- PO 5. Explain how trade promoted economic growth throughout world regions.
Concept 5: Personal Finance
Decision making skills foster a personís individual standard of living. Using information wisely leads to better informed decisions as consumers, workers, investors and effective participants in society.
Concept 5 Performance Objectives for the 6th Grade
- PO 1. Compare the cost and benefits of using credit.
- PO 2. Explain how interest is the price paid to borrow money.
- PO 3. Describe the factors lenders consider before lending money.
Kids' Money > Teachers > 6th Grade